1. Which of the following should be the primary concern when purchasing bonds? HINT: Remember about the inverse relationship between the bond price and the interest rate.

Group of answer choices

a. knowing the present value

b. knowing the interest rate

c. knowing the market's future

2. People who are unable to pay for items, state park camp grounds, etc and who cannot be excluded from the market are which of the following types of consumers?

Group of answer choices

a. illegal consumers

b. irrational consumers

c. free riders

3. Intellectual property is an example of which type of good?

Group of answer choices

a. rival good

b. public good

c. non-rival good

4. What term is used to describe bonds issued by cities that wish to borrow?

Group of answer choices

a. Treasury bonds

b. Junk bonds

c. Municipal bonds

d. Certificate of deposit (CD)

5. What is meant by liquidity?

Group of answer choices

a.How easy it is to sell an asset when desired.

b. The monetary value a homeowner would have after selling the house and repaying any outstanding bank loans used to buy the house.

c. Bonds issued by firms that wish to borrow.

d. A claim on partial ownership of a firm.

This is a multiple choice question